The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below:

3 01.06:24

Fixed

Cost per

Month

Cost per Cost per

Course

Student

$ 2,930

270

$ 55

Instructor wages

Classroom supplies

Utilities

Campus rent

Insurance

Administrative expenses

$ 1,210

$ 5,000

$ 2,300

$ 3,900

$ 41

$ 3

For example, administrative expenses should be $3,900 per month plus $41 per course plus $3 per student. The company's sales should average $870 per student.

The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 55 students. The actual operating results for September were as follows:

Actual

$ 51,910

$ 11,000

$ 16,860

$ 1,840

$ 5,000

$ 2,440

$ 3,679

Revenue

Instructor wages

Classroom supplies

Utilities

Campus rent

Insurance

Administrative expenses

Required:

Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September.

Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.

The Goumand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in The Goumand Cooking school runs short cooking courses at its small campus. Management of courses and the total number of students. For example. the school might run two courses in a month and have a total of 63 students enroffed in those two courses. Data conceming the company's cost formulas appear below: For example, administratwe expenses should be $3,900 per month plus $41 per course plus $3 per student. The compiny's sales should average $870 per student. The company planed to run four courses with a total of 63 students; however, it actually ran four courses with a totit of onty es students. The actual operating resuits for 5 eptember were as follows: Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. varinnce). Input all amounts as positive values